Sellbyville, DE -- (SBWIRE) -- 05/07/2019 -- Global Network Packet Broker Market report 2024 focuses on the major Types and Applications for the key players. The market forecast report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The research report is a professional and in-depth study on the current state of global Industry.

The network packet broker market solutions are adopted in various application verticals including government organizations, enterprises and service providers. The market is witnessing a huge adoption rate from the enterprises due to their increasing bandwidth requirement coupled with rise in the enterprise data. Companies operating in this market are also innovating advanced solutions to deliver enhanced services to the enterprises.

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For instance, in November 2017, Ixia introduced a new software version of its network packet broker device. This new solution will transform open switches in network packet brokers providing data center visibility to the enterprises. It also offers access to network packets facilitating real-time visibility and security for high density networks.

The growth in the internet services, social media, IoT, and web applications has resulted into exponential growth in the network traffic causing the risk of service degradation and network outages. The network packet brokers assist in creating scalability, relieving oversubscription of monitoring tools and deliver centralized monitoring. Furthermore, the rising bandwidth necessity in data centers and increasing trend of bare-metal switches also creates huge growth opportunities in the network packet broker market.

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The adoption of these devices has created new challenges including the difficulty in managing network connections and monitoring traffic flows at scale. Hence, IT organizations are adopting network packet broker solutions to solve these challenges with increased scalability and flexibility.

North America dominates the network packet broker market due to the rising adoption of IT and cloud services along with growth in the new data center technologies. The region is also home to some of the leading cloud service providers including IBM cloud, Microsoft Azure, and Google cloud platform increasing the network packet broker market demand.

The network packet broker market is highly competitive due to the existence of a substantial number of players in the space. Some of the major players present in the market are NetScout Systems, Inc, Gigamon, Ixia, Broadcom Inc., APCON, Inc., Network Critical, Motadata, Netgear Inc. Corvil, Big Switch Networks, Inc., Juniper Networks, Inc., Cisco Ssytems Inc., and Zenoss Inc.

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